How to Find Out if You Have a Great Idea
|
|
  
.
You have a great idea.
So what? Why should I and the rest of the world care? What's in it for
me?
Almost all of us have
had "great" ideas. But how few of those ideas and dreams ever did
become a marketable, profitable product? Unfortunately very, very
few.
We will try to give
you here some priceless information concerning what is involved, hidden
traps to avoid, how to best utilize your own and other resources as well as
some tips for transforming your bright idea into a profitable, useful
product.
Your idea would be
very valuable if ...
|
.
Your idea could be worth
something if it were to satisfy ALL of the following criteria:
|
|
It
would satisfy an Unmet need (Unmet need is a customer or user need that
currently no product or group of products are able to satisfy
adequately.)
|
|
|
The
customer is prepared to pay such a price for the new product so that the
inventor, manufacturer and marketer, all could make and sell it at a
reasonable profit.
|
|
|
There
is a sufficient market potential for your new product.
|
|
|
There
are no emerging environmental, regulatory and other governmental trends
which could eliminate the need for your product if they were to be
instituted. For example, it did not make any sense to develop and plan on
marketing a less expensive fluorocarbon (similar to freon) chemical when
the world body had already agree to ban the commercial use of all ozone
depleting chemicals.
|
|
|
There
are sufficient barriers to entry for competition, therefore the product
has adequate means of protection. Ideally, the new idea should have a
broad utility patent with a unique trademark.
|
|
|
The
new product lends itself to a design based on sound engineering
principles and can be manufactured at high quality, volume levels.
|
|
|
Feasibility
of the new product has been completed successfully. A number of working
prototype products has been made and tested rigorously. In addition,
focus groups and other user feedback systems have confirmed the need for
this new product in the market place.
|
|
|
A
business plan has been established by experienced professionals or
experts.
|
|
|
There
is a sound strategy for the generation of the required funds to develop
the new product.
|
|
|
When
you find it necessary to hire an expert - and that will happen quite
often - make sure you pay him / her not by the hour, day but ONLY if and
when you receive your specified deliverables. In our experience, doing
otherwise would invite trouble, trouble, trouble.
|
Note: Any mailed materials to us
will not be returned unless you a) clearly specify so and b) provide us
with sufficient funds via a money order to cover the shipping and handling
expenses.
.
.
|
 Return to the top of this
page.
|
.
|
Copyright © 1996 TechnoBusiness
Solutions(tm). All Rights Reserved. Disclaimer
. Please report questions,
problems here.
|
Home
Who We Are
Unique Strengths
Our Services
Projects Resume
Your Next Step
Write Us
What's New
Articles
Ask
SolvWizSM For FREE
TechnoBusiness
Solutions
403 Christie Ct.,
Stewartsville, NJ 08886 USA
Costas B. Chantzis,
CEO
Tel.:
908.387.9276
Fax: 908.387.0447 Email
Home
Home
Who We Are
Unique Strengths
Our Services
Projects Resume
Your Next Step
Write Us
What's New
Articles
Ask
SolvWizSM For FREE
TechnoBusiness
Solutions
403 Christie Ct.,
Stewartsville, NJ 08886 USA
Costas B. Chantzis,
CEO
Tel.:
908.387.9276
Fax: 908.387.0447 Email
Home
|
